May 25, 2022minerst.com
This article is for those who are currently mining Helium (HNT) or for those who are looking to start making passive income with a MatchX M2 pro.
We decided to structure this article by comparing the similarities and differences between Matchx GMBH and Helium.
MatchX vs Helium
Let’s start by briefly giving some background about MatchX. Just like Helium, MatchX is looking to build a decentralized network using Lo-ran technology. Over the last few years, the Internet of Things (IoT) applications have been significantly improving and the number of utilities is only going to get better.
The collection of data is critical for urban infrastructures and governance. The Internet of Things (IoT) is at the core of data collection for empirical urban policy-making. Plenty of connected devices are sensing data across cities: in vehicles, infrastructure and buildings.
With over 600k miners, Helium has made an impact and we are already seeing its usefulness today.
How is MatchX changing the world?
We have had our fair share of frustrations with WiFi and Bluetooth — two primitive and limited technologies that has frequent drops in connectivity and limited reach. There is a massive strain placed on the current wireless systems causing network overcapacity and leading to loss of data.
MatchX aims to solve this problem by leveraging LoRaWAN.
For devices that need to send small amounts of data over long distances without exhausting their batteries, LoRaWAN is the state-of-the-art smart city network technology.
MatchX, just like Helium, is competing with each other to bring a complete decentralized network.
Two very different companies with different strategies, mining, hardware are calling us to help bring the network to life.
How do they compare?
Both Helium and Match X are using the blockchain to build a decentralized network. Investors who purchased miners are rewarded cryptocurrency for providing wireless coverage for data transmission of their clients. The blockchain rewards Helium miners with standalone crypto known as HNT, while Match miners are rewarded with MXC. The matchx m2 pro IoT miner is also knows as the bitcoin mining pro.
MatchX is currently stating that the mining rewards are somewhere between $10-$15/ day. You might wonder how this is sustainable for MatchX and how they plan on continuing to pay the community with such high rewards.
Let’s show how this would be possible by explaining how the early days of Helium Mining resemble today’s MXC mining.
At the beginning of Helium, a miner would make 120 HNT a month. Which was very impressive given that there was no usefulness to the network. A miner that cost 450$ was able to pay itself in less than 30 days.
Let’s not forget the many gamification Helium would allow with miners being able to spoof.
You might think that this was done by recklessness but the truth is that at such an early stage of their growth, companies don’t have time to go after the network. Their sole interest at that stage is growth and distribution. As the network grows, they can improve the protocol incentivizing miners the right way. Over time, as predicted, Helium did a crackdown on the spoofing, and rewards were reduced to their much more reasonable state at 6 HNT average a month.
The same phenomena are currently happening with MatchX. MatchX is currently paying the network somewhere between $12-$15 per day. We don’t believe that these rewards will continue to change anytime soon but we are definitely seeing the same patern as Helium.
How much is MatchX M2 pro profitability?
Given the current earnings, the helium miner’s ROI (return on investment) is about 5–6 months depending on where you live. The ROI of the m2 pro miner is about 6–7 months. And that is given the current earnings without any price fluctuation.
How many miners can you place in one location?
As of March 2022, new regulation have been in place which no longer punishes 2 M2 pro’s in one location. Ongoing, there will be a maximum of 10 M2 pro miners within 2 KM radius without any penalties of proximity miners. This change means, 11th miner within the 2km vicinity will be affected by a 20% miner health reduction, 12th by 40%, 13th by 60%, 14th by 80% and a 15th by 100% any further additions above 15 would have the same issue as the fifteenth miner. The 2km diameter will be demonstrated within the Data Dash App and will be shown within a hexagonal diameter. This principle is based on a Miner fuel tank basis, meaning if there are10 miners within a 2km diameter, and an 11th wishes to join the diameter of the others within the network then a review of the MXC tank will be made.
There are lots of great Youtubers who have already provided us with great MatchX M2 pro review. If you want to watch a real case study of Azeez mining $110/day.
Do we think MXC would reach Helium Market-cap?
We thought it was important to compare both market-cap as both projects are in different stages.
As of March 2022, Helium currently has over 600K miners deployed while MatchX has less than 2k. If MXC reaches the market cap of Helium your return would be upwards of 1000%.
With such a low market cap, there is a lot of room for some great returns.